CohnReznick LLP is teaming up with enterprise-class financial close software maker BlackLine Systems to help Fortune 1000 clients automate and optimize traditionally manual, spreadsheet-driven financial close processes.
As part of the recently signed agreement, CohnReznick will provide advisory services and guidance to CFOs, controllers and other senior finance department executives in mid- and large-sized organizations in support of the implementation of BlackLine’s flagship account reconciliation and financial close software.
BlackLine’s suite of applications automates the financial close process and includes modules for balance sheet account reconciliations, task management, journal entry, transaction matching, variance analysis and a consolidation integrity manager.
“Our CFO advisory services professionals assess an organization’s financial close processes to determine the ability to produce accurate, timely and relevant financial information that will stand up to increased scrutiny by multiple stakeholders,” said CohnReznick advisory group partner Gary Moran. “BlackLine has shown that it provides much greater transparency to the close process while enhancing internal controls and facilitating a more effective and efficient monthly financial close process.”
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